Page 176 - S P Setia Annual Report 2016
P. 176

174   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          28.  COST OF SALES

                                                                                                     Group
                                                                                               1.1.2016      1.11.2014
                                                                                                     to            to
                                                                                             31.12.2016     31.12.2015
                                                                                                RM’000        RM’000

               Cost of properties sold                                                        3,077,240      4,226,872
               Contract cost recognised as expense                                              293,557       265,072
               Cost of other goods and services sold                                            144,953        191,111
                                                                                              3,515,750     4,683,055


         29.   OTHER INCOME


                                                                        Group                      Company
                                                                   1.1.2016     1.11.2014      1.1.2016      1.11.2014
                                                                         to           to             to           to
                                                                 31.12.2016    31.12.2015    31.12.2016     31.12.2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Gross dividends from:
               -  subsidiary companies                                   -             -        622,767       420,468
               Interest income from:
               -  subsidiary companies                                   -             -        80,346        112,404
               -  jointly controlled entities                        17,579        15,567         7,601         7,426
               -  deposits                                          58,486         68,735        19,907        29,656
               -  financial assets measured at amortised cost          266             -          5,583         5,471
               -  others                                            42,920        49,007           774            90
               Rental income from:
               -  investment properties                             56,095         17,110            -             -
               -  other operating leases                             1,565         2,253             -             -
               Allowance for doubtful debts no longer required           -            17             -             -
               Gain on disposal of investment properties               229             -             -             -
               Gain on disposal of property, plant and equipment       265           197            25             1
               Gain arising from fair value adjustment on financial
                 liabilities carried at amortised cost                   -             -          2,793            -
               Gain on disposal of subsidiary company                    -           636             -             -
               Gain on liquidation of subsidiary company             1,123             -             -             -
               Liquidated and ascertained damages income on late
                 completion                                         13,856         19,492            -             -
               Forfeiture income                                     3,190         2,207             -             -
               Gain on foreign exchange
               -  realised                                          13,926          1,701            -             -
               -  unrealised                                        32,625          3,718        31,789         1,558
               Recoveries and other miscellaneous income            15,234        42,807         9,091         10,551
                                                                   257,359        223,447      780,676        587,625
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